Regulatory Alerts2019-05-18 | ПФ-5721Added · Updated
On Measures for the Rapid Development of the Jewelry Industry in the Republic of Uzbekistan
The decree grants licensed local manufacturers the right to independently determine and apply purity marks to jewelry without mandatory state testing, while allowing individual entrepreneurs to sell products retail and buy precious metals from the public. It establishes a Jewelry Industry Development Fund financed by budget allocations and retail fees to support investment projects, training, and market promotion. The document mandates the transfer of the State Purity Mark Chamber from the Central Bank to the Ministry of Finance, introduces fines for purity violations, and requires the creation of modern jewelry trade-production centers across regions.
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